Sabra Healthcare Correlations

SBRA Stock

USD 16.52 0.16 0.96%

The current 90-days correlation between Sabra Healthcare REIT and Healthcare Realty Trust is 0.54 (i.e., Very weak diversification). The correlation of Sabra Healthcare is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Sabra Healthcare Correlation With Market

Modest diversification

The correlation between Sabra Healthcare REIT and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sabra Healthcare REIT and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sabra Healthcare REIT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Sabra Stock

0.9	AHH	Armada Hflr Pr Earnings Call This Week	Pair Corr
0.94	BNL	Broadstone Net Lease Earnings Call This Week	Pair Corr
0.85	OLP	One Liberty Properties	Pair Corr
0.86	RYN	Rayonier	Pair Corr
0.87	GOOD	Gladstone Commercial Earnings Call This Week	Pair Corr
0.77	REGCP	Regency Centers	Pair Corr
0.78	O	Realty Income Earnings Call This Week	Pair Corr
0.85	HR	Healthcare Realty Trust	Pair Corr
0.89	KW	Kennedy Wilson Holdings Earnings Call This Week	Pair Corr
0.66	PK	Park Hotels Resorts	Pair Corr
0.62	RC	Ready Capital Corp	Pair Corr
0.87	UE	Urban Edge Properties	Pair Corr
0.62	WY	Weyerhaeuser	Pair Corr
0.81	ADC-PA	Agree Realty	Pair Corr
0.64	DOUG	Douglas Elliman	Pair Corr
0.62	VNO-PO	Vornado Realty Trust	Pair Corr
0.78	VICI	VICI Properties Earnings Call This Week	Pair Corr
0.76	ELME	Elme Communities Upward Rally	Pair Corr
0.87	EPRT	Essential Properties	Pair Corr

Moving against Sabra Stock

0.62	DX	Dynex Capital	Pair Corr
0.39	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.35	MDRR	Medalist Diversified Reit	Pair Corr
0.79	MITT-PC	AG Mortgage Investment Earnings Call This Week	Pair Corr
0.57	CDR-PC	Cedar Realty Trust Downward Rally	Pair Corr
0.4	VTMX	Corporacin Inmobiliaria Earnings Call This Week	Pair Corr
0.37	ACR	Acres Commercial Realty	Pair Corr
0.35	MITT-PA	AG Mortgage Investment Earnings Call This Week	Pair Corr

Related Correlations Analysis

	HR	DOC	CHCT	UHT	GMRE	PEAK	CTRE	WELL	NHI	MPW
HR		0.84	-0.49	0.72	0.83	0.0	0.82	0.09	0.82	-0.16	HR
DOC	0.84		-0.31	0.77	0.87	0.0	0.88	0.14	0.92	0.0	DOC
CHCT	-0.49	-0.31		-0.02	-0.28	0.0	-0.49	0.54	-0.39	0.75	CHCT
UHT	0.72	0.77	-0.02		0.89	0.0	0.72	0.6	0.79	0.44	UHT
GMRE	0.83	0.87	-0.28	0.89		0.0	0.89	0.4	0.91	0.16	GMRE
PEAK	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	PEAK
CTRE	0.82	0.88	-0.49	0.72	0.89	0.0		0.13	0.98	-0.12	CTRE
WELL	0.09	0.14	0.54	0.6	0.4	0.0	0.13		0.2	0.87	WELL
NHI	0.82	0.92	-0.39	0.79	0.91	0.0	0.98	0.2		-0.01	NHI
MPW	-0.16	0.0	0.75	0.44	0.16	0.0	-0.12	0.87	-0.01		MPW
	HR	DOC	CHCT	UHT	GMRE	PEAK	CTRE	WELL	NHI	MPW

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NHI	+ 0.98	CTRE
NHI	+ 0.92	DOC
NHI	+ 0.91	GMRE
GMRE	+ 0.89	UHT
CTRE	+ 0.89	GMRE
CTRE	+ 0.88	DOC

High negative correlations

CTRE	- 0.49	CHCT
CHCT	- 0.49	HR
NHI	- 0.39	CHCT
CHCT	- 0.31	DOC
GMRE	- 0.28	CHCT
MPW	- 0.16	HR

Risk-Adjusted Indicators

There is a big difference between Sabra Stock performing well and Sabra Healthcare Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Sabra Healthcare's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HR	1.13	(0.09)	0.00	(0.33)	0.00	0.00	1.97	(2.71)	9.00
DOC	1.21	(0.20)	0.00	(0.32)	0.00	0.00	1.85	(2.59)	6.81
CHCT	1.28	0.09	0.06	0.71	1.43	(1.37)	2.67	(2.34)	6.90
UHT	1.17	(0.10)	0.00	(0.14)	0.00	0.00	2.85	(2.44)	6.69
GMRE	1.10	(0.08)	0.00	(0.18)	0.00	0.00	2.52	(2.25)	5.89
PEAK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CTRE	1.12	(0.22)	0.00	(0.36)	0.00	0.00	2.04	(2.65)	6.73
WELL	1.05	0.13	0.11	0.36	1.10	(1.15)	2.86	(1.62)	5.37
NHI	1.04	(0.26)	0.00	(0.45)	0.00	0.00	1.60	(2.79)	5.14
MPW	2.09	0.07	0.03	0.06	2.46	(2.38)	5.30	(4.08)	10.48

Sabra Healthcare Corporate Management

Jessica Flores	Chief VP	Profile
Peter Nyland	Executive Management	Profile
Michael Costa	CFO VP	Profile
Eliza Gozar	Senior Investments	Profile
Darrin Smith	Executive Investments	Profile

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